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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Options

Well, Ernesto and Mike Smith exercised their options yesterday. Elmer and Hector did so in June for the same options. Elmer and Hector anticipated being in black-out during September and that's why they secured their options early, or so they said. I assume it was because of the JV meeting that should have been scheduled in September.

The other outstanding options from that group are probably less significant.

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